• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

NYDA staff down tools over bonuses

Dec 08 2011 09:19 Sapa

Related Articles

Agency spent R106m on party

Youth agency gets a clean audit

The NYDA gravy train

SME game-changer

Youth agency boasts 15 000 jobs

NYDA: Strikes may lead to job losses

 

Johannesburg - A group of National Youth Development Agency (NYDA) members have gone on strike demanding higher bonuses, according to a report on Thursday.

The Times reported that 296 workers had been protesting since Monday after refusing to accept an 8.33% performance bonus.

Workers declared a dispute, saying it did not meet their usual double-digit allocation, the newspaper reported.

They approached the Commission for Conciliation, Mediation and Arbitration, which ruled that the agency should pay them a bonus of 18% by November 30. The payments were not made and workers downed tools.

The agency was established by President Jacob Zuma to tackle youth development.

NYDA chief financial officer Khatu Ramukumba told the publication the agency had not paid the 18% bonus by November 30 because its cash flow position was not healthy.

The agency would now start paying the bonuses because the presidency had transferred their quarterly funds into its account on Wednesday, he said.

 
nyda  |  wage disputes
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Go solar and save

Households may have to examine alternative forms of energy after Eskom has been given permission to raise electricity prices above the 8% previously granted.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...